India's SJS Enterprises falls after major investor trims stake

SJS Enterprises

09/11/2023 05:41

** Shares of SJS Enterprises  SJSE.NS  fall as much as 5.03%
to 609 rupees, their lowest in over two months
    ** Stock drops after large investor Ashish Kacholia offloads
160,000 shares (0.51% stake) of the decorative solutions
provider, at a price of 653.22 rupees apiece, via bulk deals
    ** Kacholia had held 1.003 mln shares, aggregating to 3.23%
stake in the company, at the end of the Sept quarter, according
to National Stock Exchange data
    ** Trading volume is 492,233 shares, thrice the 30-day avg -
LSEG data
    ** Stock up 27.5% so far this year, including session's
losses
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))